In the process of preparing for our trip to Tokyo, I discovered the Target Prepaid REDCard from Jared at ThiftyTraveler.com. Apparently, this reloadable card has bill pay features that allow one to pay bills that typically require check payments. Translation (for credit card point lovers): you can now pay your mortgage and utility bills using this card and earn points that you otherwise would have left on the table!
But there’s a catch–in an effort to close this loophole to discourage “churning”, as of May 6, Target no longer accepts credit card loads for its Prepaid REDCard. However, card holders may still load via gift cards that have PINs (which will be processed as debit cards). In other words, there’s now an extra step. You’d have to buy a VISA gift card (that has a PIN), go to a Target store in person, and then load the REDCard (and likely have to “split tender” the transaction). More on this at ThriftyTraveler.com. Also, FrequentMiler has an excellent site on how to find a REDCard as not all states have them. For most people, it’s probably too much work. But if you’re a stay-at-home mom who goes to Target regularly for baby stuff, anyway, this is worth the extra ten minutes.